On December 31, 2019, the income Statement section of the worksheet for Capeteni Distributors contingen Thcome statement section Income Summary Debit Credit $ 38,100 41, 400 Sales Sales Returns and Allowances 252,000 3,00 Sales Discounts 2,650 Interest Income 145 Purchases 133,00 Freight In 1,950 Purchases Returns and Allowances 1,750 Purchases Discounts 1,480 Rent Expense 8,250 Utilities Expense 2, BD Telephone Expense 1,400 Salaries Expense 65,600 Payroll Taxes Expense 5, 220 Supplies Expense 1,650 Depreciation Expense 2.250 Interest Expense 290 Totals S267,880 $296, 775 ssume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $25.950 December 31, 2019. epare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense and other temporary counts. Assume further that the owner of the firm is John Capeletti and that the John Capeletti Drawing account and a balance of on December 31, 2019 Prepare the entries that should be made in the general Journal to close the revenue, cost of goods sold, expense comemory accounts. View transaction list Journal entry worksheet 1 2 3 4 Prepare the closing entry for revenue and other credit items. Note: Enter debits before credits. Debit Credit General Journal Date Dec 31, 2019 accounts. View transaction list 1 Prepare the closing entry for revenue and other credit items. 2 Prepare the closing entry for expenses and other debit items. 3 Prepare the closing entry for the balance of income summary 4 Prepare the closing entry for the drawing account